There is no single act of government that creates more inequality in a shorter amount of time than the lottery. Tickets are mainly purchased by below-average income buyers, and then the winner becomes fabulously wealthy.
Surprisingly, this activity is rarely criticized by “progressives.”
The largest lottery winner in history walked away with an estimated $2.04 billion Powerball jackpot.
John C. Goodman is President of the Goodman Institute and Senior Fellow at The Independent Institute. His books include the soon-to-be-published updated edition of Priceless: Curing the Healthcare Crisis, the widely acclaimed A Better Choice: Healthcare Solutions for America, and New Way to Care: Social Protections that Put Families First. The Wall Street Journal and National Journal, among other media, have called him the “Father of Health Savings Accounts.”
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